Significant increase in major orders for GEA in second quarter

1 ago 2017

Düsseldorf, August 1, 2017 – In the second quarter of the year, GEA recorded significant year-on-year growth in major orders (volumes exceeding EUR 15 million) in the fields of e.g. dairy, beverage, and coffee projects. Whereas in the same quarter of the previous year, the company posted only two major orders worth a total of EUR 46 million, the second quarter of 2017 saw GEA almost triple its volume of incoming orders to around EUR 136 million. As such, growth in major orders was above-average.

For example, GEA supplied a complete milk powder processing facility to Open Country Dairy in New Zealand, with the total value of this project running to more than EUR 10 million. This is the sixth dairy processing facility GEA has shipped to Open Country Dairy at four different locations since 2007. Each of these facilities is capable of processing eight tonnes of milk powder an hour. In the case of the recent order, however, the customer specified a MAP system (Modified Atmosphere Packing) for the first time in order to minimize the residual oxygen content (RO) in the 25-kg bags produced. This ensures that the product retains its high quality during transport to the key markets of China and the Middle East. Open Country Dairy is the second biggest exporter of premium whole-milk powders in the world. The new facility will be commissioned in September 2018.

“We focus on delivering cutting-edge technology to deal with challenging production methods, while always providing maximum customer satisfaction – this is the basis for long-standing partnerships of the kind we enjoy with key customers such as Open Country Dairy,” said Jürg Oleas, CEO of GEA.

GEA Group Aktiengesellschaft

About GEA

GEA is one of the largest suppliers of process technology for the food industry and a wide range of other industries. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets.

In 2016, GEA generated consolidated revenues of about EUR 4.5 billion. The food and beverages sector, which is a long-term growth industry, accounted for around 70 percent. As of June 30, 2017, the company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX stock index (G1A, WKN 660 200) and included in the STOXX® Europe 600 Index. In addition, the company is listed in selected MSCI Global Sustainability Indexes.